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The Information
Aaron Holmes @ The Information 2 place · 09/04/2024 12:39 EDT

Microsoft’s vision of using artificial intelligence to take some of the drudgery out of creating spreadsheets, documents and slide presentations is running into snags at businesses like Ascendion, a technology consulting firm. The firm has about 100 employees testing a Microsoft AI feature known as 365 Copilot that automates tasks in Microsoft 365, the suite of applications, formerly known as Office, that includes Word, Excel and PowerPoint. The AI does... Read more ›

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The Information
Kate Clark @ The Information · 09/04/2024 11:57 EDT

Around the peak of Miami’s hype as a burgeoning startup hub, venture capital firm Andreessen Horowitz opened an office there. Now, two years later, the firm has shuttered it, Bloomberg reports. Miami attracted scores of venture capitalists and startup founders during the pandemic, ... Read more ›

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The Information
Natasha Mascarenhas @ The Information 3 place · 09/04/2024 11:28 EDT

Safe Superintelligence Inc., the secretive artificial intelligence lab started by OpenAI co-founder Ilya Sutskever, has raised $1 billion in capital, the company said. The company may have raised the capital across numerous rounds. The company has authorized series seed, seed extension and ... Read more ›

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The Information
Aaron Holmes @ The Information · 09/04/2024 10:21 EDT

A UK regulator has cleared Microsoft’s deal with the AI startup Inflection to hire most of its staff and pay for its intellectual property, closing its investigation into the deal. The UK Competition and Markets Authority said on Wednesday that it had determined that Microsoft’s unusual ... Read more ›

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The Information
Anissa Gardizy @ The Information 1 place · 09/04/2024 10:00 EDT

The biggest artificial intelligence developers are abuzz over Elon Musk’s claim on Monday that he completed a cluster of 100,000 Nvidia H100 chips in four months, to be used to train the next models of his startup, xAI.If true, the cluster would be the most powerful cluster of graphics processing units in the world, but its rapid buildout would fly in the face of conventional wisdom about how long it... Read more ›

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The Information
Akash Pasricha @ The Information 2 place · 09/04/2024 09:00 EDT

The People With Power at Design Software Firm Canva

As Canva moves toward a possible initial public offering, the graphic design software company has a big hole: Its chief financial officer resigned in February and hasn’t been replaced. What’s more, just three of its seven C-suite executives have worked at a public company. There’s more public company experience among people in the next tiers of management at the Australia-based company. Nearly half of the 41 leaders on The Information’s... Read more ›

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The Information
Juro Osawa @ The Information · 09/04/2024 06:53 EDT

Alibaba Group said its Taobao and Tmall online shopping sites in China will soon start accepting WeChat Pay, developed by rival Tencent, as one of the payment methods for purchases. The move is the biggest step yet by China’s two biggest tech giants toward making their consumer apps ... Read more ›

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The Information
Anissa Gardizy @ The Information · 09/03/2024 21:55 EDT

OpenAI CEO Sam Altman’s plan to raise money for new data centers, power sources, and chip manufacturing plants for artificial intelligence will start in the U.S. and could cost tens of billions of dollars, according to a Bloomberg report. Investors in other countries such as Canada, Korea, Japan ... Read more ›

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The Information
Martin Peers @ The Information · 09/03/2024 20:00 EDT

Just what we needed: a stock market chill to remind us that summer is over. Investors on Wall Street were dumping stocks left, right and center on Tuesday, after anemic manufacturing data reminded people of economic uncertainties they had put out of their minds. Tech stocks were a sea of red, from the smallest to the biggest companies. But the size of the price drop varied a lot. While most... Read more ›

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The Information
Anissa Gardizy @ The Information · 09/03/2024 19:23 EDT

The U.S. Department of Justice has sent a subpoena to Nvidia, as part of a probe looking at whether the firm is engaging in anticompetitive practices, according to a Bloomberg report. The agency is concerned that Nvidia is abusing its market dominance by locking-in existing customers in and ... Read more ›

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The Information
Julia Hornstein @ The Information · 09/03/2024 19:12 EDT

As funding for startups outside artificial intelligence has dried up, more founders have contemplated takeover offers. But such deals can sour if the founders agree to an all-stock deal—and the acquiring business doesn’t live up to its promises.That’s essentially the situation the shareholders of venture-backed Canadian startup Kabo allege they’re in, a little over a year after selling the company, which sells pet food directly to consumers. Read more ›

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The Information
Kaya Yurieff @ The Information · 09/03/2024 17:38 EDT

TikTok Parent Hikes Share Price in Latest Buyback

TikTok parent company ByteDance increased the share price in its latest employee buyback, an increase that’s in line with secondary market trades that have lifted its valuation close to $230 billion. The company offered to buy back shares from current employees at about $181 a share, and about ... Read more ›

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The Information
Ann Gehan @ The Information · 09/03/2024 17:20 EDT

Federal Safety Regulator Calls For Investigation Into Shein and Temu

Two commissioners at the U.S. Consumer Product Safety Commission, the country’s top consumer products watchdog, called for an investigation of Shein, Temu and other foreign-owned e-commerce sites to better understand how the platforms work and whether they’re complying with U.S. safety ... Read more ›

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The Information
Ann Gehan @ The Information · 09/03/2024 17:19 EDT

For years, creatine was best known as a supplement for hardcore gym enthusiasts looking to get a workout boost. More recently, popular podcasters and health and fitness influencers like Joe Rogan and Andrew Huberman have been touting other purported health benefits of creatine, like better cognitive function and sleep.One supplement startup, Create, is benefitting from creatine’s broader social media popularity. Create recently raised $5 million in Series A funding from... Read more ›

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The Information
Fidji Simo @ The Information · 09/03/2024 16:04 EDT

Paul Graham’s essay on founder mode captured the imagination of Silicon Valley this weekend by clearly articulating the magic we witness in many founder-driven companies. As someone who spent a decade working under a generational founder at Meta Platforms and now sits on the board of two founder-led companies (Shopify and OpenAI), I wholeheartedly agree that we need to understand what makes founder mode so special. However, assuming that only... Read more ›

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The Information
Kaya Yurieff @ The Information · 09/03/2024 15:22 EDT

ByteDance has increased its share price in its latest employee buyback, an increase that's in line with secondary market trades that have lifted its valuation close to $230 billion. The TikTok parent set the price for an upcoming employee share buyback at about $181 a share, while it will offer former employees about $154 a share, according to a notice sent to current and former employees. In March, ByteDance offered... Read more ›

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The Information
Sahil Patel @ The Information 3 place · 09/03/2024 12:21 EDT

The Redstone family’s recent decision to sell Paramount Global, as well as Warner Bros. Discovery’s loss of NBA broadcasting rights, reflect the perilous state of traditional TV companies, mostly due to the slow decline of the hugely lucrative cable TV machine. Of the traditional TV firms, Disney may be best positioned to survive the coming shakeout, judging by its strength in video-streaming advertising, which is emerging as the most important... Read more ›

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The Information
Anissa Gardizy @ The Information · 09/03/2024 10:00 EDT

Developers of artificial intelligence say they need bigger and bigger data centers to concentrate processing power so that it produces better versions of the technology.The companies are notoriously secretive about the details of those plans, though, which is why we just published an AI Data Center Database that lists some of the biggest existing and upcoming data centers—which we also call supercomputers or AI chip clusters—as the race among half... Read more ›

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The Information
Anissa Gardizy @ The Information · 09/03/2024 09:00 EDT

The biggest developers of artificial intelligence closely guard their state-of-the-art technology, but they’re arguably even more secretive about the specialized data centers needed to develop it. The Information is lifting the veil on existing and planned AI data centers, sometimes known as supercomputers or AI chip clusters, in a first-of-its-kind database. The accompanying map lists 17 supercomputing data centers in seven U.S. states that are in operation or planned by... Read more ›

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The Information
Juro Osawa @ The Information 1 place · 09/02/2024 10:23 EDT

ByteDance in Talks With Banks for $9.5 Billion Loan

ByteDance, TikTok’s parent company, is in talks with banks to arrange a $9.5 billion loan, mainly to refinance existing debt on favorable terms, according to two people with knowledge of the matter. This is part of the Chinese tech giant’s long-term financing strategy. While ... Read more ›

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